Fundsmith Equity Fund
709.00p T Class Acc, 24 Apr 24

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An ISA (Individual Savings Account) is a savings account available to UK residents on which the return is tax-free and which need not be declared on the investor’s tax return. All income (dividends and interest) and all capital gains within the account are free of tax. For the current year, 6 April 2024 to 5 April 2025 the overall investment limit is £20,000 (excluding the British ISA which has a separate £5,000 limit).

 
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Fundsmith Launches Online ISA Capability & Further Web Functionality

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Fundsmith, the new asset management company founded by Terry Smith, announces that direct investors can now invest in the Fundsmith Equity Fund ISA online, at www.fundsmith.co.uk.  The Fundsmith website also now has the functionality for direct investors to choose between Accumulation and Income Units.

 

The Fundsmith Equity Fund was launched on 2nd November by Terry Smith.  It is the main vehicle for his own investments, and offers investors the opportunity to invest alongside him in a high quality, concentrated portfolio of 20-30 resilient global growth companies which are held for the long term.   The portfolio has no benchmark or sector constraints.  

Commenting on the additional ISA functionality, Terry Smith, Founder of Fundsmith said: 


“A user-friendly website was always at the heart of Fundsmith’s launch and I am delighted with the tremendous response we have had to the simplicity and ease of the online application process. Millions of pounds have been invested via the website, proving that this medium is the preferred route for self directed investors without an adviser, and I am delighted that we can now offer online ISA investment directly to investors.

 

 “Investing with Fundsmith online is quick, easy, convenient and safe.  We have employed leading security and encryption technology to ensure the security of our clients’ payment details and other personal information. We intend to remain at the leading edge of client service via web functionality and further enhancements to the website are planned for coming months.”